Voting Results and Scrutinizer Report of 41st Annual General Meeting of the Company
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Vadilal Enterprises held its 40th Annual General Meeting on September 23, 2025 via video conferencing, where all 6 resolutions were passed with 100% approval and no votes against. Shareholders approved the audited financial statements for FY ending March 31, 2025, and declared a dividend on equity shares for FY 2024-25. The meeting also saw the reappointment of Mr. Devanshu L. Gandhi as Director (retiring by rotation), the appointment of Walker Chandiok & Co. LLP as statutory auditors for a 5-year term, the appointment of Mr. Kalpit R. Gandhi as Executive Director for 5 years, and the appointment of Mr. Rajesh K. Pandya as Independent Director for 5 years. Total votes polled stood at 4,35,749 (about 50.5% of the 8,62,668 outstanding shares), with promoters voting 4,35,596 shares.
The unanimous approval signals strong shareholder backing for the board's decisions, while the dividend declaration is a positive cash return for shareholders. However, public shareholder participation was extremely thin (only 153 public shares voted out of the non-promoter base), suggesting limited retail engagement at this AGM.